Start learning 50% faster. Sign in now
Horizontal Equity: It is the notion that equally situated individuals should be taxed equally. More specifically, persons of equal income should pay identical amounts in taxes. But it is very difficult to apply the concept in practice. Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle. It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics.
Two trains approach each other at 22 kmph and 25 kmph from 2 places 282 km apart. After how many hours they will meet?